1 Medcalf ParadeEmu Point WA 6330
Property Details for 1 Medcalf Pde, Emu Point
Last Listing description (August 2013)
CARAVAN PARK / MOTEL
Business development opportunity. For sale by Expressions of Interest closing 5pm on 12th August 2013.
Currently established as a motel (bed & breakfast) this prime property of approx 7.5acres is in Albany at Emu Point. The current motel operation services both the budget & high end value market.
The lease of Crown land for the land commenced in 1966 for 98 years with 50 years to run & current rent is just over $27k p.a.
This is an opportunity not to miss! Sale by Expression of Interest with offers expected at $1m plus.
Property History for 1 Medcalf Pde, Emu Point, WA 6330
- 21 Nov 2013Sold for $1,006,442
- 04 Jul 2013Listed for Sale EXPRESSIONS OF INTEREST
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0About Emu Point 6330
The size of Emu Point is approximately 2 square kilometres. It has 4 parks covering nearly 18% of total area. The population of Emu Point in 2011 was 300 people. By 2016 the population was 310 showing a population growth of 3.3% in the area during that time. The predominant age group in Emu Point is 70-79 years. Households in Emu Point are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Emu Point work in a managers occupation. In 2011, 60.4% of the homes in Emu Point were owner-occupied compared with 66% in 2016.
Emu Point has 201 properties. Over the last 5 years, Houses in Emu Point have seen a 72.28% increase in median value. As at 31 October 2024:
- The median value for Houses in Emu Point is $596,275 while the median value for Units is $405,785.
- Houses have a median rent of $338.
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